Amid Trump-Backed World Liberty’s Endorsement Of Stablecoins Over Bitcoin, Ripple Introduces Dollar-Denominated Stablecoin RLUSD
Ripple (NASDAQ:XRP) has introduced its U.S. dollar-pegged stablecoin, RLUSD, targeting enterprise applications, on Tuesday. This development coincides with World Liberty, supported by Donald Trump, advocating for stablecoins over Bitcoin (CRYPTO: BTC).
What Happened: As per Ripple’s press release, the RLUSD stablecoin will be available globally through collaborations with major exchanges such as Uphold, Bitstamp, and Bitso. It aims to offer a dependable and compliant digital asset for financial institutions, enhancing cross-border payment solutions alongside XRP.
Brad Garlinghouse, Ripple’s CEO, highlighted the increasing demand for high-quality stablecoins like RLUSD, emphasizing its potential in payments, asset tokenization, and decentralized finance. RLUSD’s liquidity and market adoption are supported by leading market makers B2C2 …
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